波段交易者的20条军规

By Alan Farley
Last Updated: Jan. 2, 2002
Swing trading can be a great way to profit from market upswings and downswings, but as I’ve always said, it’s not easy. Mastering the swing-trading techniques takes and effort. To help get you started, I am giving you 20 Rules to think about as you begin – and ultimately master – swing trading.
波段交易*是在市场上升/下降波段中获取利益的最好的一种方式
之一，可是如我常言，它不是那么容易。

把握波段交易的技术需要时刻和尽力。

为了帮忙大伙儿起步，我给出了20条交易规那么，以最大的机遇帮忙大伙儿把握波段交易。

Rule 1: If you have to look, it isn’t there.
Forget your college degree and trust your instincts. The best trades jump out of nowhere and create a sense of urgency. Take a deep breath, then act quickly before the opportunity disappears.
规那么一：若是你必需看，它在你看不见的地址（NND，什么意思吗，调戏我？！）
忘记你的大学学历，相信你的本能。

除你突发的灵感，最好的交易不可能来自于任何地址。

深呼吸，在机遇消失前迅速行动。

Rule 2: Trends depend on their sure your trade fits the clock. Price movement aligns to specific cycles. Success depends on trading the right ones.
规那么二：趋势是有时刻限制的。

确信你的交易符合那个时刻时期。

价钱转变只适用于那个特定的时刻段。

成功必需成立在你选择了正确的时刻段。

Rule 3: Price has happened the last time a stock hit a certain level? Chances are it will happen again. Watch trades closely when price returns to a battleground. The prior action can predict the future.
规那么三：价钱是有经历的。

上一次价钱冲破到一个层面后发生了什么？机遇会再次在那个地址产生。

当价钱回到密集交易区时，紧密地观看交易。

上一次的变更确实是以后的变更。

Rule 4: Profit and discomfort stand side by side.
Find the setupthat scares you the most. That's the one you need to trade. Don'texpect it to feel good until you take your profit. If it did, everyoneelse would be trading it. Wisdom from
the East:What at first bringspleasure in the end gives only pain, but what at first causes pain endsup in great pleasure.
规那么四：利润和亏损就牢牢的站在一路
找到最令你惊恐的东西。

那个确实是你需要进行交易的交易点。

直到你取得利润前，不要期望你会找到感觉更舒畅的交易点。

若是如此，其它每一个人都会去进行交易。

东方的智者：那些先带给你欢乐的东西最终只会留给你痛楚，可是一开始就痛楚是的情形，结果往往是欢乐。

Rule 5: Stand apart from the crowd at all times.
Trade ahead,behind or contrary to the crowd. Be the first in and out of the profitdoor. Your job is to take their money before they take yours. Be readyto pounce on ill-advised decisions, poor judgment and bad timing. Yoursuccess depends on the misfortune of others.
规那么五：永久站在距离拥堵的人群比较远的地址。

和大多数人比，在他们之前、以后或反向进行交易。

做第一个打开利润之门的人。

你的工作是去抢他们的钱，在他们抢你之前。

做好作业，远离错误的建议、失误的判定和糟糕的机会。

你的成功成立在他人的错误（不幸）之上。

Rule 6: Buy the first pullback from a new high. Sell the first pullback from a new low.
Trends often test the last support/resistance before taking off. Trade with the crowd that missed the boat the first time around.
规那么六：在创新高的价钱第一次回撤时买入，在价钱创新低第一次反弹的时候沽空
交易者适应于测试支持/阻力位。

和这些交易者相伴会让你错过第一时刻乘上通向财富之门的船。

Rule 7: Buy at support. Sell at resistance.
Trend has only two choices upon reaching a barrier: Continue forward or reverse. Get it right and start counting your money.
规那么七：在支撑位买入，在阻力位沽空（这不是和第六条抵触的吗？）
趋势在抵达一个障碍的时候只有两个选择，冲破或掉头。

做正确的事然后开始数钱。

Rule 8: Short rallies, not selloffs.
Shorts profit when marketsdrop, so they start to cover. This makes it a terrible time to enternew short sales. Wait until they get squeezed and shaken out, then jumpin while no one is watching.
规那么八：短暂的等待，而不是平仓
市场波动的时候利润缩减/亏损，他们（指其它交易者）开始反扑了。

这对短线新手来讲是一个恐怖的时刻。

等待，直到他们利润缩减和动摇立场，然后你就能够够在没人的地址欢呼雀跃！
Rule 9: Manage time as efficiently as price.
Time is money in the markets. Profit relates to the amount of time set aside for analysis. Know your holding period for every trade. And watch the clock to become a market survivor.
规那么九：治理好时刻，和关注价钱一样有效
在市场上，时刻确实是金钱。

利润和你浪费在分析上的时刻紧密相关。

熟知你每一个交易的持仓时刻，看着时钟使你成为一个市场幸存者。

Rule 10: Avoid the open.
They see you coming, sucker.
规那么十：维持神秘
不然他们明白你来了，你那个弱智！
Rule 11: Trades that work in hot markets destroy accounts in cool ones.
Stocks trend only 15% to 20% of the time. Price ranges cause grief to momentum traders the rest of the time.
规那么十一：在活跃市中交易赚钱，在牛皮市中交易爆仓
维持股票（货币对）的趋势只占15%到20%的总交易时刻。

在剩余的时刻里交易是交易者失败的重要因素。

Rule 12: The best trades show major convergence.
Watch for the bull's eye. Look for a single point in price and time that points repeatedly to a trade entry. The market is trying to tell you something.
规那么十二：一个最好的交易表现出最要紧的获利
看着公牛的眼睛。

找出一个唯一的价钱点和唯一的时刻，这些重复显现的点确实是入场交易点。

市场在试图告知你一些情形。

Rule 13: Don't confuse execution with opportunity.
Save Donkey Kong for the weekend. Pretty colors and fast fingers don't make successful careers. Understanding price behavior and market mechanics does. Learn what a good trade looks like before falling in love with the software.
规那么十三：不要在机遇眼前迷茫
保留Donkey Kong（谁明白什么是Donkey Kong？）给周末。

漂亮的颜色和灵活的手指可不能给你制造成功的职业生涯。

明白得市场行为和结构，在沉迷于软件之前学会什么是一个好的交易者。

Rule 14: Control risk before seeking reward.
Wear your market chastity belt at all times. Attention to profit is a sign of immaturity, while attention to loss is a sign of experience. The markets have no intention of offering money to those who do not earn it.
规那么十四：获利之前先学会操纵风险
永久带上那个市场的贞操带（带上操纵风险那个紧箍咒）。

只关注利润是一个不成熟的标志，而关注风险操纵是一个专家的标志。

市场没有给不称职的人发钱的用意。

Rule 15: Big losses rarely come without warning.
You have no one to blame but yourself. The chart told you to leave, the news told you to leave and your mother told you to leave. Learn to visualize trouble and head for safety with only a few bars of information.
规那么十五：庞大损失很少会没有预兆的
除你自己，没有任何人能够指责。

图表已经告知你离场，新闻告知你离场，你妈妈告知你离场。

学会把风险形象化，用很少的信号你就能够走向平安区。

Rule 16: Bulls live above the 200-day moving average, bears live below.
Are you flying with the birds or swimming with the fishes? The 200-day moving average divides the investing world in two. Bulls and greed live above the 200-day, while bears and fear live below. Sellers eat up rallies below this line and buyers come to the rescue above it.
规那么十六：200天均线-牛熊的分界限
随鸟儿飞翔仍是随鱼儿游？200天均线上下是投资世界双重天。

牛市和贪婪出没于200天均线之上，而熊市和恐惧居于其下。

卖方从200
天均线往下打压，而当价钱高于200天均线的时候，确实是买方涌入的时候。

（剽窃自法妖的翻译！谢）
Rule 17: Enter in mild times, exit in wild times.
The big move hides beyond the extremes of price congestion. Don’t count on the agitated crowd for your trading signals. It’s usually way too late by the time they act.
规那么十七：在适合的机会入场，在任何时刻离场。

大波动隐藏在牛皮的行情中。

别指望喧嚣的人群（指其他交易者）给你交易的信号。

他们通常动手都太晚了。

Rule 18: Perfect patterns carry the greatest risk for failure.
Demand warts and bruises on your trade setups. Market mechanics work to defeat the majority when everyone sees the same thing at the same time. When perfection appears, look for the failure signal.
规那么十八：漂亮的图形带给你最大的损失
要明白你的交易打算有瑕疵和失误。

市场机制确实是要击败大多数人，当他们在同一时刻看同一个方向时。

当完美的图形显现的时候，也是亏损风险显现的时候。

Rule 19: Trends rarely turn on a dime.
Reversals build slowly. Investors are as stubborn as mules and take a lot of pain before they admit defeat.
规那么十九：大趋势可不能在小弄堂转弯。

逆转是慢慢进行的。

投资者倔强的像一头骡子，在承认失败前会蒙受很多的痛楚。

Rule 20: See the exit door before the trade.
Assume the market will reverse the minute you get filled. You're in very big trouble when it's a long way to the door. Never toss a coin in the fountain and hope your dreams will come true.
规那么二十：交易入场前，先找到出场的门。

假设市场将在你满仓入场后一分钟逆转了。

若是你距离出口太原，那么你将碰到庞大的麻烦。

永久不要在喷泉中抛掷一枚硬币然后希望你的妄图变成现实。